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Dixons Carphone directors sell down

Four directors at the electricals company have disposed of stock, despite a year of share price underperformance
February 16, 2017

Since the EU referendum last summer, shares in Dixons Carphone (DC.) have largely gone sideways. That's likely to be the result of mounting fear over the state of UK retail, particularly as higher input costs drive industry-wide price inflation. If wage inflation can't keep pace and disposable incomes contract, product categories such as small electricals - Dixons' speciality - don't tend to fare well.

IC TIP: Hold at 312p

It's impossible to know if the board thinks this scenario is likely to play out, but chief executive Seb James was among several board members offloading a chunk of shares recently. That said, Ian Livingston - the group's newly promoted chairman - bought in to the tune of nearly £50,000. Mr Livingston will officially succeed Charles Dunstone in April when Mr Dunstone takes up the role of executive chairman at telecoms group TalkTalk (TALK).

 

Buys
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
AFH Financial  Mark Chambers02 Feb 175,0001708,50035,0000.145
AFH Financial  John Wheatley (ch)02 Feb 176,00017010,200291,7061.206
Aberdeen Asian income Fund Krystyna Nowak08 Feb 173,413205.35457,00915,4320.008
Amino Technologies♥ Donald McGarva (ceo)07 Feb 177,80519214,986450,4530.638
Anglo Pacific*  David Archer06 Feb 1720,00012525,00020,0000.011
Anglo Pacific*  Julian Treger (ceo)06 Feb 1740,00012550,0005,586,4543.088
Anglo Pacific*  Patrick Meier06 Feb 1716,00012520,000173,3180.096
Anglo Pacific*  Robert Stan06 Feb 1724,00012530,000147,5400.082
Anglo Pacific*  Mike Blyth (ch)06 Feb 178,00012510,000126,8220.070
Anglo Pacific*  Rachel Rhodes06 Feb 177,5001259,37522,5000.012
BlackRock Greater Europe Investment Trust Peter Baxter02 Feb 175,000286.1314,3075,0000.005
Byotrol John Langlands (ch)03 Feb 17800,0004.19533,5601,100,0000.410
Charles Taylor♥ Mark Keogh (cfo)07 Feb 176,60722714,99841,6380.062
Charles Taylor Mark Keogh (cfo)07 Feb 176,80921914,91235,0310.052
Conviviality David Adams (ch)03 Feb 1710,000269.7526,97558,1630.034
Cropper (James)♥ M Cropper (ch)03 Feb 171,5001437.521,563561,0715.928
Cropper (James)♥ M Cropper (ch)07 Feb 174,0001437.557,500565,0715.970
Dixons Carphone Ian Livingston06 Feb 1716,65329849,62631,8890.003
Ecofin Global Utilities and Infrastructure Trust Martin Nѐgre08 Feb 1720,963115.2524,1602,342,6282.550
Frontier Smart Technologies  Anthony Sethill (ceo)06 Feb 1725,0007919,750150,0000.351
Frontier Smart Technologies  Anthony Sethill (ceo)06 Feb 1725,00079.519,875125,0000.292
Future Zillah Byng-Thorne (ceo)02 Feb 1719,498179.534,99974,0580.014
ReNeuron  Michael Hunt (cfo)07 Feb 17250,0002.646,6002,008,4710.063
Rolls-Royce Holdings John McAdam07 Feb 1734700.52383,3010.000
Rolls-Royce Holdings Ian Davis (ch)07 Feb 17283700.51,98242,9220.002
Rolls-Royce Holdings Lee Yang07 Feb 17140700.59814,2940.000
Rolls-Royce Holdings Ruth Cairnie07 Feb 17277700.51,94011,6720.001
Rolls-Royce Holdings Sir Frank Chapman07 Feb 17565700.53,95822,9990.001
Rolls-Royce Holdings Sir Kevin Smith 07 Feb 17377700.52,64121,3130.001
Schroder Asian Total Return Investment Co Christopher Keljik 03 Feb 17744267.2251,988122,6260.169
Shires ome Robert Talbut02 Feb 174,498223.1310,03614,9690.050
Speedy Hire Thomas Morgan (fd)08 Feb 1761,92951.87532,126179,6800.034
Speedy Hire Robert Contreras07 Feb 1740,00051.9320,77240,0000.008
Tethyan Resources Didier Fohlen03 Feb 17100,0006.36,3004,053,3332.777
Unicorn AIM VCT* Jeremy Hamer08 Feb 1712,202163.919,99940,4560.040
Unicorn AIM VCT* Peter Dicks (ch)08 Feb 1712,202163.919,999176,5100.175
Unicorn AIM VCT* Charlotta Ginman08 Feb 176,101163.910,0006,1010.006
Unicorn AIM VCT*♥ Charlotta Ginman08 Feb 176,101163.910,00012,2020.012

Sells
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Centamin Josef El-Raghy (ch)08 Feb 175,450,000170.69,297,70048,399,3724.201
Crest Nicholson Holdings♥ Chris Tinker07 Feb 17187,592527.5989,54800.000
Dixons Carphone♥ Humphrey Singer (cfo)02 Feb 17200,000315630,000419,7480.036
Dixons Carphone Katie Bickerstaffe02 Feb 1750,000315157,500359,5680.031
Dixons Carphone Graham Stapleton02 Feb 17182,500315574,875307,5340.027
Dixons Carphone Sebastian James (ceo)02 Feb 17302,000315951,300606,8350.053
Europa Oil & Gas (Holdings) Christian Ahlefeldt-Laurvig06 Feb 17750,0004.533,75034,252,44213.987
Europa Oil & Gas (Holdings) Christian Ahlefeldt-Laurvig07 Feb 17250,0004.7511,87533,752,44213.783
Europa Oil & Gas (Holdings) Christian Ahlefeldt-Laurvig07 Feb 17250,000512,50034,002,44213.885
Numis Corp Marcus Chorley07 Feb 1712,000279.533,5403,469,2453.072
SThree Gary Elden (ceo)07 Feb 17120,000317.63381,1562,681,9342.066
*Placing/tender/open offer ♥Spouse/connected party